By Reuters and published by CNA Washington – US President Donald Trump on Sunday (May 4) announced a 100 percent tariff on movies produced outside the country, saying the American movie industry was dying a “very fast death” due to the incentives that other countries were offering to lure filmmakers. “This is a concerted
Tag: US
Former finance minister warns against borrowing 500bn baht to stimulate the economy
AMID a move to borrow 500 billion baht to stimulate the economy in face of US tariff crisis, a former finance minister warned the government to stop selling dreams of turning a crisis into an opportunity, Naewna newspaper said today (Apr. 29). Mr. Thirachai Phuvanatnaranubala, former finance minister and deputy leader of Palang Pracharath
Read morePhutham denies Uyghurs issue led to him skipping trip to US
DEPUTY Prime Minister/Defence Minister Phumtham Wechayachai denied he is not part of the team still to visit US for the postponed tariff talks due to Thailand having deported 40 Uyghurs back to China stating that he has not received a letter banning his entry, Amarin TV said today (Apr. 23). Asked about Foreign Minister
Read moreTwo issues led to Thai-US talks being postponed: Pichai
DEPUTY Prime Minister/Finance Minister Pichai Chunhavajira said today (Apr. 22) US is concerned about two key issues which will be brought up when the postposed Thai-US tariff negotiations take place, Naewna newspaper said. The first is that while US wants more Thai exports to flow in, it is concerned about other countries manipulating the
Read moreThai-US tariff negotiations postponed
THE expected Thai-US trade negotiations focusing on the 36% tariff US President Donald Trump has imposed on Thailand which was set to take place on Wednesday Apr. 23, 2025 has now been postponed, Naewna newspaper said this evening (Apr. 21). Commerce Minister Pichai Naripthaphan said the Thai delegation, headed by Deputy Prime Minister/Finance Minister
Read moreChina warns countries against striking trade deals with US
By AFP and Reuters – published by Dw.com CHINA on Monday (Apr. 21) threatened countermeasures against countries that “appease” the United States by striking trade deals with Washington at Beijing’s expense. The warning follows a Bloomberg report that the US plans to pressure nations to curb trade with China if they want to avoid
Read moreTrump signals tit-for-tat China tariffs may be near end; TikTok deal on ice
By Reuters and published by Yahoo!Finance Washington – US President Donald Trump on Thursday (Apr. 17) signalled a potential end to the tit-for-tat tariff hikes between the US and China that shocked markets, and that a deal over the fate of social media platform TikTok may have to wait. “I don’t want them to
Read moreThai beef farmers oppose opening door to US beef
REPRESENTATIVES of nationwide beef farmers today (Apr. 17) submitted a letter to Agriculture and Cooperatives Minister Narumon Pinyosinwat opposing import of US beef as part of any settlement on the 36% tariff US President Donald Trump has imposed on Thailand, TV Channel 7 said. The beef farmers, who also represent Thai Beef Association, had
Read moreThai SMEs being hit by Chinese products flooding the market
THE US-CHINA trade war that has led to tariffs skyrocketing might soon turn into an economic storm for Thai people if Chinese products flood the market which could then lead to Thai SMEs being squeezed to the point of shutting down, Thai Rath newspaper said today (Apr. 17). China raised its duties on imports
Read moreWanted temple project graft suspect arrested in Texas
THE former director of the National Office of Buddhism Mr. Nopparat Benjawattananan was provisionally arrested by US marshalls at a hospital in Texas after fleeing to the US in 2017 with alleged millions of baht of kickbacks from a temple renovation and development subsidy project, Amarin TV said this afternoon (Apr. 13). The National
Read moreChina hits back at Trump tariff hike, raises duties on US goods to 125%
By Reuters and published by USA Today Beijing/Warsaw/Washington- Beijing on Friday (Apr.11) increased its tariffs on US imports to 125%, hitting back against US President Donald Trump’s decision to hike duties on Chinese goods to 145% and raising the stakes in a trade war that threatens to up-end global supply chains. Meanwhile, the turmoil
Read moreAsean ministers hold virtual meeting, want balanced solution to tariffs
THAI Commerce Minister Pichai Naripthapan attended a Special Asean Economic Ministers’ Meeting via video conference this morning (Apr. 10) where it was agreed to propose constructive negotiations and find a balanced solution with US after President Donald Trump imposed steep new tariffs on most trading partners and while this has been paused for 90
Read moreTrump pauses tariffs for 90 days but hits China harder
By Reuters and published by CNA Washington – In a stunning reversal, United States President Donald Trump said on Wednesday (Apr. 9) he would temporarily lower the hefty duties he had just imposed on dozens of countries while further ramping up pressure on China, sending US stocks rocketing higher. Trump’s turnabout, which came less
Read moreUS forges ahead with 104% tariffs on China, says willing to talk to other countries
By Reuters and published by CNA Washington/Beijing – The United States said on Tuesday (Apr. 8) that 104 percent duties on imports from China will take effect shortly after midnight, even as the Trump administration moved to quickly start talks with other trading partners targeted by President Donald Trump’s sweeping tariff plan. US stocks
Read moreThaksin: Tariff could be reduced to 0% but must be 0 for both sides
DE FACTO Pheu Thai boss Thaksin Shinawatra said today (Apr. 8) in advising his daughter/Prime Minister Paetongtarn Shinawatra regarding negotiating with US about the 36% tariff President Donald Trump has imposed on Thailand he mentioned that the Thai side could reduce the levy to 0% but it must be 0 for both sides, Thai
Read moreChina denounces as ‘blackmail’ Trump’s threat to ratchet tariffs by a further 50%
By Agencies and published by CNA Beijing – China decried as “blackmail” on Tuesday (Apr. 8) US President Donald Trump’s threat to add a further tariff of 50 percent on its goods, after he demanded that Beijing withdraw its plans for counter-tariffs. If neither side blinks and Trump sticks to his plans, total new
Read moreUS stocks plunge, suffer biggest losses since Covid-19 crash amid escalating trade war
Updated report by Reuters – published by CNA and Thai Newsroom New York – Wall Street nosedived for a second straight day on Friday (Apr. 4), after China said it would strike back at US President Donald Trump with additional tariffs of 34 percent on American goods, escalating a trade war that has rattled
Read moreTrump’s ‘tariffquake’ marks the end of US leadership globally
THE sweeping tariffs imposed by US President Donald Trump have been termed the end of globalisation and free trade. In fact, it marks the end of US leadership worldwide. If trust is the most important criteria of leadership, the US has clearly lost the trust of the vast majority of countries and the global
Read moreThai economist calls for setting up ‘war room’ to cope with Trump’s 36% tariff
A BANK of Thailand Monetary Policy Committee member suggested Thailand urgently set up a “war room” to cope with a raft of punishing tariffs US President Donald Trump announced earlier today (Apr.3) targeting countries around the world with Thailand hit with 36%, Naewna newspaper said. Dr. Santitarn Sathienthai, who is also an adviser on
Read moreAnalysis-Trump tariffs pile stress on ailing world economy
By Reuters and published by Yahoo!News London/Tokyo –The latest round of US trade tariffs unveiled on Wednesday (Apr. 2) will sap yet more vigour from a world economy barely recovered from the post-pandemic inflation surge, weighed down by record debt and unnerved by geopolitical strife. Depending on how President Donald Trump and leaders of
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